Posts by Stephanie Irvin
Hyundai to suspend EV production in South Korea due to slow demand, US tariffs
The suspension comes as EV orders from major markets have fallen sharply in April Published Thu, Apr 17, 2025 · 08:07 PM [SEOUL] Hyundai Motor plans to temporarily suspend production of some of its electric vehicles (EVs) in South Korea due to slow demand and US tariffs, Yonhap news agency reported on Thursday (Apr 17),…
Read More‘Compelling yields’: DBS flags opportunity in hotel S-Reits on Mice, concert hub status
[SINGAPORE] Hotel Singapore-listed real estate investment trusts (S-Reits) could benefit from the Republic’s drive to establish itself as a regional hub for meetings, incentives, conventions and exhibitions (Mice) and concerts, said DBS analysts. This comes as Singapore eyes a new Mice hub downtown amid plans by the Singapore Tourism Board (STB) to leverage the country’s…
Read MoreBank of Korea holds rate steady while citing big rise in downside risks
[SEOUL] The Bank of Korea kept its benchmark interest rate steady while citing a significant increase in downside risks to growth that have emerged since February, in a dovish hold decision pointing to a resumption of policy easing in coming months. The central bank kept its seven-day repurchase rate unchanged at 2.75 per cent on…
Read MoreMalaysia Aviation Group reports RM54 million net profit in 2024
The parent company of Malaysia Airlines has been steadily growing and renewing its fleet Published Thu, Apr 17, 2025 · 11:07 AM [KUALA LUMPUR] Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, on Thursday (Apr 17) reported a net profit of RM54 million (S$16 million) for its 2024 financial year. Malaysia Airlines has…
Read MoreInsurance Claims: The New AI Reality
The world of insurance claims is changing fast, and a big part of that change is artificial intelligence (AI). While some worry that AI might take over, the reality is a bit different. AI is more about supporting human agents than replacing them. It helps streamline processes, improve customer experiences, and even tackle fraud. In…
Read MorePGIM to invest US$2 billion in Asia property, unfazed by tariffs
[TOKYO] PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific region this year even as Donald Trump’s trade policies fuel concern about economic growth. The firm invested about US$900 million in real estate in the region in the first quarter, with most of that…
Read MoreChina stares down Boeing parts shortage as Comac stockpiles
[NEW YORK] China is hunkering down for a trade war winter without American-made jets and aircraft parts. With China banning Boeing jets as part of its retaliation to US President Donald Trump’s tariffs, which Bloomberg News reported on Tuesday (Apr 15), local airlines now face the issue of repairing and maintaining hundreds of aircraft from…
Read MoreKeppel Pacific Oak US Reit Q1 distributable income continues slide, tumbling 19.3% to US$9.6 million
[SINGAPORE] Keppel Pacific Oak US Reit (Kore) posted a distributable income of US$9.6 million for its first quarter ended Mar 31, down 19.3 per cent from US$11.9 million in the previous corresponding period. The US office-focused Reit blamed the decline on lower adjusted net property income (NPI), mostly as a result of lower rental income…
Read MorePowell says Fed remains in wait-and-see mode; markets processing policy shifts
[CHICAGO] US Federal Reserve chair Jerome Powell said on Wednesday (Apr 16) the Fed would wait for more data on the economy’s direction before changing interest rates, but cautioned that US President Donald Trump’s tariff policies risked pushing inflation and employment further from the central bank’s goals. Powell, speaking for the first time since Trump…
Read MoreUS: Nasdaq ends down 3.1% on Nvidia drop, economic angst
[NEW YORK] Wall Street stocks tumbled on Wednesday (Apr 16) as the Federal Reserve chief warned of the drag from US President Donald Trump’s tariffs, while Nvidia sank on costs connected to the US-China trade war. The tech-rich Nasdaq Composite Index finished at 16,307.16, down 3.1 per cent. The Dow Jones Industrial Average dropped 1.7…
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